Baweja Studios IPO: Deep Dive
Table of Contents:
IPO Company Details:
- Products: Baweja Studios is a technology-based production house providing content creation services to clients across various media platforms. They offer services like film production, TV commercials, corporate films, digital content creation, and animation.
- Marketing Strategy: Baweja primarily relies on its reputation, client referrals, and participation in industry events for marketing. They also leverage digital marketing channels to reach potential clients.
IPO Date & Price Band Details:
- Open Date: January 29, 2024
- Close Date: February 1, 2024
- Price Band: Rs. 170 - Rs. 180 per share
IPO Dates:
- Open Date: January 29, 2024
- Close Date: February 1, 2024
- Allotment Date: February 2, 2024 (Tentative)
- Listing Date: February 6, 2024 (Tentative)
IPO Market Lot: 800 shares
Company Financial Report:
| **Year | Revenue (Cr.) | Expenses (Cr.) | PAT (Cr.) | EPS (Rs.)** |
|---|---|---|---|---|
| 2021 | 26.93 | 24.10 | 2.83 | 2.64 |
| 2022 | 41.25 | 36.54 | 4.71 | 4.39 |
| 2023 (H1) | 25.20 | 21.18 | 4.02 | 3.76 |
PAT: Profit After Tax, EPS: Earnings Per Share
Valuation – FY2023:
- P/E (based on upper price band): 47.8x (FY23 estimated)
- P/BV: 10.7x (based on NAV as of September 30, 2023)
Peer Group:
- Shemaroo Entertainment: P/E 58x, P/BV 5.2x
- Zee Entertainment Enterprises: P/E 31x, P/BV 2.9x
- Adlabs Entertainment: P/E 84x, P/BV 3.8x
Company Promoters:
- Mr. Rajesh Kumar Baweja: Managing Director & Promoter
- Ms. Manjeet Kaur Baweja: Wholetime Director & Promoter
IPO Registrar: Skyline Financial Services Private Ltd
IPO Review: Apply or Not?
Baweja Studios IPO presents a mixed bag. While the company shows top-line growth and operates in a promising sector, concerns include:
- High Valuation: The issue appears aggressively priced compared to peers, especially with inconsistent bottom lines.
- Competitive Landscape: The media and entertainment space is highly competitive, with established players.
- Limited Track Record: This is the company's maiden IPO, and its future performance remains uncertain.
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Therefore, a cautious approach is recommended. Analyze the company's fundamentals, compare valuation with peers, and consider your risk appetite before making a decision. Look for expert opinions and research reports for further insight.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
